Online luxury retailer Yoox Net-a-Porter (YNAP) will be delisted from the Milan Stock Exchange on June 20 after Cartier owner Richemont reached nearly 95 percent of YNAP’s ordinary shares after a takeover.
Q1 wasn't an undiluted triumph for Yoox Net-A-Porter as the off-price business proved a little slow. But full-price Net-A-Porter and designer e-stores powered ahead, even though exchange rates had a negative effect.
As it awaits the conclusion of Richemont's takeover bid, the e-commerce platform's Board of Directors has been renewed, leading to the appointment of Federico Marchetti as CEO, while President Raffaello Napoleone exits.
The online platform offers Ferrari-branded clothing, accessories, bags, watches, shoes, eyewear and fragrances for men, women and children, as well as collectible items like scale models and other merchandise.